Zilliqa (ZIL), Moderate Volatility and Falling Friday: Is it Time to Cash Out?

Friday, July 22, 2022 03:10 PM | InvestorsObserver Analysts

Zilliqa (ZIL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has declined 0.83% to $0.04086160947.

InvestorsObserver is giving Zilliqa a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zilliqa!

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Moderately Volatile

InvestorsObserver gives Zilliqa a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. ZIL's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Zilliqa price is well positioned going forward. With support near $0.0393493173922208 and resistance near $0.0417351981903222. This leaves Zilliqa with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.